The ports of Los Angeles and Long Beach, Calif., which were to have begun collecting a 鈥渃lean trucks fee鈥 Monday, said they will delay the fee collection pending resolution of outstanding regulatory issues.
November 14, 2008BusinessSafetyGovernment
Engineering Cited in Minn. Bridge Failure
Last year鈥檚 Interstate-35W highway bridge collapse in Minneapolis, the worst such accident in 25 years, was caused by an engineering flaw and the load on its deck, Bloomberg reported, citing U.S. safety investigators.
November 14, 2008BusinessEquipmentGovernment
October Retail Sales Plunge 2.8%; Drop Is Largest on Record
Retail sales fell 2.8% in October, the biggest drop on record, the Commerce Department said Friday.
November 14, 2008BusinessSafetyGovernment
Great Dane to Close Georgia Reefer Plant
Great Dane Trailers said it plans to close its refrigerated trailer manufacturing plant in Savannah, Ga., in January, due to the economic downturn鈥檚 effect on the transportation industry and the need for more efficient production.
November 14, 2008BusinessGovernment
Consumer Sentiment Index Remains Near 28-Year Low
U.S. consumer confidence rose slightly but remained near a 28-year low this month, according to the Reuters/University of Michigan鈥檚 preliminary monthly consumer sentiment index, released Friday.
November 14, 2008BusinessGovernment
Business Inventories Take Largest Drop in Three Years
Business inventories fell 0.2% in September, the largest decline in three years, the Commerce Department said Friday.
November 14, 2008BusinessGovernment
Import Prices Fall 4.7% in September
The price of goods imported to the United States fell 4.7% in October, the largest drop since recording began in 1992, the Labor Department said Friday.
November 14, 2008GovernmentBusinessSafety
Post Office Is $2.8 Billion in Red
The United States Postal Service was $2.8 billion in the red in the fiscal year ended in September, the Associated Press reported Thursday.
November 14, 2008BusinessSafetyGovernment
DOT Freight Index Unchanged in September
The Department of Transportation鈥檚 freight transportation services index for September was unchanged from a year ago but fell 2.5% from its August level, DOT said Thursday.
November 13, 2008Government
U.S. Trade Deficit Declines in September
The U.S. trade deficit fell 4.4% in September, largely on a sharp drop in the price of oil, the Commerce Department said Thursday.
November 13, 2008